Meeder Asset Management Inc. Takes $413,000 Position in Oxford Industries, Inc. (NYSE:OXM)

Meeder Asset Management Inc. purchased a new stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,245 shares of the textile maker's stock, valued at approximately $413,000.

A number of other large investors have also recently modified their holdings of OXM. Intech Investment Management LLC purchased a new stake in Oxford Industries in the third quarter valued at approximately $502,000. Cerity Partners LLC increased its holdings in shares of Oxford Industries by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker's stock worth $923,000 after buying an additional 2,167 shares during the last quarter. FMR LLC increased its holdings in shares of Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker's stock worth $78,633,000 after buying an additional 244,022 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $575,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Oxford Industries by 56.0% during the 3rd quarter. Captrust Financial Advisors now owns 4,380 shares of the textile maker's stock worth $380,000 after acquiring an additional 1,573 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Insider Activity

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.70% of the company's stock.

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Wall Street Analyst Weigh In

OXM has been the topic of a number of research analyst reports. Telsey Advisory Group reduced their target price on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. UBS Group reduced their price objective on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Finally, KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th.

Oxford Industries Trading Down 10.0 %

NYSE:OXM traded down $6.07 during trading hours on Thursday, reaching $54.84. The company's stock had a trading volume of 594,925 shares, compared to its average volume of 340,490. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a market capitalization of $860.96 million, a price-to-earnings ratio of 61.61 and a beta of 1.61. The firm has a 50-day simple moving average of $68.21 and a 200-day simple moving average of $76.16. Oxford Industries, Inc. has a 1 year low of $53.23 and a 1 year high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. Research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 5.03%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is presently 47.02%.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.